I am looking to purchase a owner occupied duplex (rent one side), however within the last year I had 3 new mortgages so it was hard finding a lender that would let me use the rental income without the 2 yr wait rule. 5% down 3.75% interest on 30yr fixed mortgage now I'm house shopping and preparing my family for the move.

Hi AlMy neighborhood does a big NNO event.

I really like the house and it will likely appreciate in the neighborhood it's in.

Old Killeen (around business 190) has a bad rep since that's considered a bad part of town but a lot of mom and pop shops are in that area.

There are lots of very simple and effective way to market that you buy houses without spending a lot of money from signs in the yard, bandit signs around the neighborhood, negotiating with a local business that has a blank wall facing a major street (think gas station on a corner) to hang a banner on the side.

She was buying in a neighborhood in Salt Lake City, Utah called “Sugarhouse,” that scores big points with owner occupants.

I think everything is almost in place and I'm am soon to be shopping around for my first deal so I'm just curious; what would you say is the average time it takes you to find a deal from when you start looking to closing?

Would a management company refuse to lease it due to the neighborhood?

But they will probably only be able to get like $100K of coverage - if you want more, then they will have to get umbrella, or you will have to shop for your own policy.The "vicious" breeds are no fun to have in a rental ...

Shop around and get a good landlord policy. 25% premium vs. homeowners sounds steep since you will not be covering contents.The most important thing is to include in your lease that you are responsible for the structure and not tenant belongings or negligence.